SK hynix Issues Statement: "No Decisions Made" on Solidigm's 5-10 Trillion Won Pre-IPO Reports

"Competitiveness Measures Under Review, but No Decisions Made"


Market Speculation Swirls Around 50 Trillion Won Valuation and Potential Nasdaq Listing

SK hynix has issued an explanatory disclosure regarding recent reports about its U.S. NAND flash subsidiary Solidigm seeking multi-trillion-won pre-IPO investment and preparing for a NASDAQ listing.

View of SK hynix headquarters in Icheon, Gyeonggi Province. Photo by Yonhap News.

On the 4th, SK hynix stated in its disclosure, “Our overseas subsidiary, Solidigm, is considering various measures to enhance its competitiveness, but nothing has been decided yet.” The company added, “We will make an additional disclosure either when details are finalized or within three months.”

This explanatory disclosure appears to be an effort to counter recent speculation about a large-scale preliminary initial public offering (IPO). Previously, in the investment banking (IB) industry, there had been speculation that Solidigm had selected Morgan Stanley and Goldman Sachs as lead managers and was seeking investment of between 5 trillion and 10 trillion won while preparing for a NASDAQ listing with an estimated valuation of around 50 trillion won.

However, with SK hynix making an official statement through its disclosure clarifying its undecided stance—which amounts to a denial—the scenario of Solidigm immediately moving forward with multi-trillion-won external funding and a direct NASDAQ listing is expected to be put on hold for now. The actual details of Solidigm’s funding and governance strategy are expected to become clearer depending on the contents of the revised disclosure to be made within the next three months.

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